Free Roth IRA Calculator

Compare tax‑free Roth IRA growth with a taxable account. Estimate your retirement balance, total interest, and tax savings. Customize contributions, rate, age, and tax rate.

Current Balance ($)

Annual Contribution ($)

2026 limit: $7,500 under 50 | $8,500 age 50+

Maximize Contributions?

Yes No

"Yes" uses the annual contribution limit for each year based on your age.

Expected Rate of Return (%)

Current Age

Retirement Age

Marginal Tax Rate (%)

Your current tax bracket for taxable account comparison.

Roth IRA (Tax-Free)

Balance at retirement

Taxable Account

Balance at retirement

Total Principal

Total Interest

Total Tax

Roth IRA advantage over taxable account

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Roth IRA Calculator — Plan Your Tax‑Free Retirement

Our free Roth IRA calculator helps you estimate how much your retirement savings can grow in a tax‑free Roth IRA compared to a regular taxable account. A Roth IRA offers tax‑free growth and tax‑free withdrawals in retirement, making it one of the most powerful tools for long‑term wealth building. Enter your current savings, annual contributions, expected return, and tax rate to see the difference.

📈 Tax‑Free Growth

Roth IRA earnings grow completely tax‑free. No taxes on dividends, interest, or capital gains.

💰 Tax‑Free Withdrawals

Qualified withdrawals in retirement are 100% tax‑free, unlike traditional IRAs or 401(k)s.

📊 Compare Side‑by‑Side

See the Roth IRA balance vs. a taxable account with the same contributions and returns.

📅 Year‑by‑Year Schedule

View annual growth details for both accounts, including principal, interest, and tax impact.

🔒 100% Private

All calculations are local. No data leaves your device. No signup, no tracking.

⚡ No Signup

Use the calculator instantly. No registration, no email, no payment.

How to Use This Roth IRA Calculator

1. Enter your current Roth IRA balance.
2. Set your annual contribution amount (or check "Maximize Contributions" to use IRS limits).
3. Choose your expected annual rate of return.
4. Enter your current age and desired retirement age.
5. Enter your marginal tax rate for taxable account comparison.
6. Click "Calculate" to see your projected balances, total interest, tax savings, and a year‑by‑year schedule.

How Roth IRA Compares to a Taxable Account

A Roth IRA uses after‑tax dollars, meaning you pay taxes on contributions now but never on growth or withdrawals. A taxable account also uses after‑tax dollars, but you pay taxes on interest, dividends, and capital gains each year, reducing your net return. Over decades, the tax‑free compounding of a Roth IRA can result in significantly higher retirement savings — often hundreds of thousands of dollars more.

2026 Roth IRA Contribution Limits

Under age 50: $7,500 per year
Age 50 and older: $8,500 per year (includes $1,000 catch‑up contribution)
Income limits: Single filers with MAGI above $168,000 (2026) cannot contribute. Married filing jointly limit: $252,000.
Contributions must be made with earned income (wages, tips, self‑employment income).

Frequently Asked Questions

What is a Roth IRA?

A Roth IRA is an individual retirement account that offers tax‑free growth and tax‑free withdrawals in retirement. Contributions are made with after‑tax dollars, so you pay taxes now but never on qualified distributions.

Can I withdraw my Roth IRA contributions anytime?

Yes. You can withdraw your contributions (not earnings) at any time without tax or penalty. Earnings can be withdrawn tax‑free after age 59½ and once the account has been open for at least 5 years.

How is Roth IRA different from a traditional IRA?

Traditional IRA contributions are tax‑deductible but withdrawals are taxed as ordinary income. Roth IRA contributions are not tax‑deductible but withdrawals are tax‑free. Roth IRAs also have no required minimum distributions (RMDs) during your lifetime.

What happens if I exceed the income limit?

If your modified adjusted gross income (MAGI) exceeds the IRS limit ($168,000 for single filers in 2026), you cannot contribute directly to a Roth IRA. You may consider a "backdoor Roth IRA" conversion strategy.

Is this calculator accurate?

Yes. It uses standard compound interest formulas with annual contributions at the beginning of each year. Results are estimates and should be used for planning purposes only. Actual returns and tax rates may vary.

Learn how to use this tool correctly by reading our step-by-step tutorial.

View Detailed Tutorial →